Mitsubishi Electric’s Profits Skyrocket 197% – Financial Results for the Q3 of Fiscal 2025
TOKYO, JAPAN, 4th February 2025 – Mitsubishi Electric Corporation declared that it had achieved some strong third-quarter results for the fiscal 2025 year ending December 31, 2024. The highlights are as follows:
- Revenue Growth: The company achieved a revenue of ¥1,356.7 billion, which is an increase of ¥112.8 billion or 109% compared to the same quarter last year.
- Operating Profit: Operating profit increased by ¥40.3 billion or 147% year-on-year to ¥126.8 billion.
- Profit Before Taxes: Profit before income taxes shot up to ¥167.8 billion, recording an impressive increase of 188% from ¥89.2 billion in Q3 FY24.
- Net Profit: Net profit associated with Mitsubishi Electric’s stockholders amounted to ¥129.4 billion, representing a massive jump of 197% as compared to ¥65.8 billion a year earlier.
The financial results can be summarized in the following table:
| Consolidated Financial Results | Q3 FY24 (Billions of yen) | Q3 FY25 (Billions of yen) | YoY Change |
| Revenue | 1,243.9 | 1,356.7 | +112.8 (109%) |
| Operating Profit | 86.4 | 126.8 | +40.3 (147%) |
| Operating Profit Margin | 7.0% | 9.4% | +2.4pt |
| Profit Before Income Taxes | 89.2 | 167.8 | +78.6 (188%) |
| Net Profit Attributable to Stockholders | 65.8 | 129.4 | +63.5 (197%) |
- Factors for Growth: The depreciation of the yen and an improved performance in Infrastructure and Life considerably contributed to revenue and profit growth
- Future Forecast: Mitsubishi Electric has improved its forecast for the fiscal year and now expects total revenue of ¥5,400 billion, raised from the previous estimate by ¥10 billion; operating profit is still maintained at ¥400 billion.
- Cash Flow Improvement: The company recorded an increase in free cash flow to the tune of ¥174.2 billion, year-on-year, for the first three quarters of FY25.
With the prevailing economic challenges and currency fluctuations, Mitsubishi Electric is focused on ensuring profit and operational efficiency in each of its business segments. The newly shaped strategy by the company seems to be translating into some good results as the company sets new records and fortifies itself in the global scenario.
On the whole, Mitsubishi Electric’s robust performance during Q3 FY25 is a testimony to its flexibility and sustainability in a competitive land, thus promising good tidings for the rest of the fiscal year.
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